 |
| Source: Lux Research, Inc |
Advanced biofuels will nearly double in five years — from 59 billion gallons per year in 2016 to 67.2 billion gallons per year in 2022 — as next-generation technologies enable commercial-scale production of these low-carbon fuels, according to Lux Research. While first-generation biofuels will continue to dominate the market, they will lose share as facilities based on non-food feedstocks and producing novel fuels account for over half of new capacity deployment for the first time in...